Retirement
The Easiest Way For A 20-Something To Start A Savings Habit
There are many things to consider and many skills to learn when it comes to the idea of building wealth in your life time. Anyone will tell you that as a 20-something, you are at a huge advantage if you start early. The idea of “starting early” is drilled into your head. What exactly does it mean to “start early”? Should you start picking stocks? Join a 401(k)? I think it’s even simpler. You need to learn how to save. Here is the easiest way to start early.
Popularity: 8% [?]
Apply Apple’s Strategies To Your Personal Financial Plan
As readers of this blog know, Apple is my favorite company. I love the products, the vision, the management and the stock. For years, the company has been outperforming through innovation and an incredible strategy. Today, I want to look at two major components of Apple’s strategy and what we should learn from them with regards to our individual financial plans.
Popularity: 17% [?]
20 Must Reads For 20-Somethings
It has been quite the journey over the few months as I’ve reached 100 posts. I have learned a great deal about finance, investing, writing, and blogging! For the 100th post of 20s Money, I have decided to compile the best 20 articles judged by content and popularity for this post. I hope you enjoy.
Popularity: 20% [?]
How My Generation Will Change Retirement And How To Stay Ahead Of The Game
I think that the traditional retirement scenario is flawed. I also think that the future environment in which we will retire years down the road will be challenging and not supportive of such a retirement picture. Because of these ideas, I think the retirement game will change. Like the shift from working for one company your entire life and having a pension to working for numerous companies and funding a 401(k), this shift will completely change how people view retirement.
Popularity: 12% [?]
20 Reasons For 20-Somethings To Pursue Financial Excellence
Financial excellence is achieved when a person has multiple income streams. Furthermore, financial excellence means that you have assets working for you and building wealth for you. Financial excellence is a fantastic goal.
Most of us in our 20s have not achieved such a state yet; however, now is the time to begin the pursuit of such a goal. Need some motivation? Here are 20 reasons you should begin your pursuit of financial excellence immediately.
Popularity: 19% [?]
If You Are In Your 20s, You Are Screwed Because Of Inflation… Here’s How To Fight It
I get pretty tired of the simple, straight-forward financial advice handed down to young people when the reality of our financial future is rather bleak. Simply telling us to “get started early” will not be enough to successfully combat the financial challenges we will face and are facing now. Finally, I found a good article that agrees with me.
Popularity: 14% [?]
A Look At Typical Financial Advice And Why I Started This Blog
Doing my usual web surfing of the big financial sites such as Yahoo! Finance, I came across a headline for retirement advice for 20-somethings. After reading the article, it was confirmed for me just how necessary a website like 20s Money is for our generation.
Popularity: 8% [?]
My Four-Pronged Strategy Towards Financial Prosperity
Hello. I am 25 years old. I have now been out of college for three years. I have worked for two different companies, one with 100,000+ employees and one with fewer than 15, in two very different industries. I began investing my own money four years ago but didn’t really understand investing until two years ago. I bought a house in 2006 and sold it in 2007 because I got married.
When compared with the average 25 year old, I’d say I am in a good place financially. I do not have any debt, have some money saved, and have already started saving for retirement. Additionally, I have experienced many different kind of investments personally in my short life, both good and bad. I have learned some painful lessons and enjoyed some nice luck.
I have compiled everything I have learned into what I call my strategy towards financial prosperity. Since I’m sure some people will be quick to criticize, I’ll make it clear that in no way do I consider myself an expert. I have much to learn, and I am more eager than anyone to continue to learn. This strategy is my version at 25 years of age. It will undoubtedly change. I encourage you to continue reading and see if such a strategy might apply to your life and your journey towards financial prosperity.
Popularity: 21% [?]
Social Security For 20-Somethings Lacks Security
There has been a good bit of debate over the Social Security program in recent years. Bush made an unsuccessful attempt to reform a few years back. Whether you are a Bush fan or hate him, my opinion is, at least Bush is trying to do something to fix the program.
My cynical view of our political system was completely reinforced when Bush, while delivering a State of the Union address several years ago, referred to the unsuccessful passing of his social security reform. The entire left side of the chamber stood up and cheered. At first I dismissed it as the usual left vs right nonsense; however, then I thought about it some more. After further review, I realized that an entire group of politicians (some of the biggest names in the game) just stood up and cheered the fact that nothing was done to fix a HUGE problem.
As an American in your 20s, you need to understand the Social Security system. You need to understand how the system is going to fail you. Why? Because you have a vote that might influence policy in this country, and you have a retirement that you must provide for, by yourself.
Popularity: 4% [?]
Why I Wish I Could Go Back To My College Years
Yes, it’s true. I wish I could go back to the days when I was 20 years old and a sophomore in college. Do I miss the relaxed lifestyle where I sat around the fraternity house watching movies and sleeping in late? Well, maybe. But, that’s now why I wish I could go back.
Popularity: 4% [?]
The 35 Year Challenge
In my previous post, The 20s Money Retirement Plan, we talked about the goal of having a portfolio that pays $260,000 a year in dividends during retirement. 35 years from now, $260,000 a year would be the estimated equivalent of $100,000 a year today (due to inflation).
Today, I want to look at some possible scenarios that would let the average investor reach that goal in 35 years. Are you ready to take the 35 Year Challenge? If so, read on.
Popularity: 9% [?]
Attention 20-Somethings: Forget Diversification
I just read another Yahoo Finance article that gave the same repetitive lesson on investing: diversify, diversify, diversify. As far as I’m concerned, you have two options in investing.
The first option is diversification; however, not diversification how most recommend which is buying a bunch of different stocks in a bunch of different industries. Why spend so much effort on simply trying to match overall market returns? If this investment approach appeals to you, achieve diversification by simply buying an S&P Index Fund and that’s it. Continue pouring your money into this position over time and you should perform inline with long term historical average returns.
Your second option is to attempt to outperform the market which is what we here at 20s Money are fighting towards. Diversification is not the path to achieving superior returns.
Popularity: 7% [?]
Some Lessons To Take From Warren Buffett and Berkshire
Anybody with even the smallest investing experience knows the name of Warren Buffett. While there have been massive amounts of analysis over his record and investing strategy, I’d like to focus on just a handful of notes regarding the legendary investor and his company, Berkshire Hathaway.
Popularity: 5% [?]
The 20s Money Retirement Plan
While this website has been online for only a short period of time, it is time to make a couple statements regarding the purpose of 20s Money. We are not a website dedicated to just opinions on stocks (there are plenty of those out there, and most can do it better than us). We are a website dedicated to helping people in their 20s become the investor they need to be to achieve their financial goals.
With that said, it is time to publish our plan for you, a 20-something who wants a bright financial future, to accomplish your goals and have a financially secure future. While we are officially releasing the 20s Money Retirement Plan, this is by no means a final product. It will evolve based on the political and economic landscape of our country and of the world. Consider this the first crack at the comprehensive plan for a person in their 20s to build significant wealth in their lifetime. Let’s begin.
Popularity: 11% [?]
Use Your Tax Rebate Check
While the government’s decision to hand out money to over 130 million American families this week can be debated from numerous angles, it doesn’t change the fact that most of you have money headed your way. The government is hoping that you will spend this money to “stimulate” the economy. As a 20s Money reader, you know that this is an opportunity to continue to position yourself for a better financial future.
Popularity: 4% [?]
Why you won’t have enough to retire.. and What to do about it
Unfortunately, most 20-somethings have a bleak financial future ahead of them. For many people who may or not be planning for retirement, the math simply doesn’t add up. You won’t have enough money to retire. Let me explain why.
Popularity: 5% [?]
Your Financial Future Is Up To You!
If you’re like me, you’re in your 20’s. You are in the early stages of your career. You are attempting to do the right things financially to both enable a bright future full of prosperity as well as being able to do the things you enjoy doing now.
Where are we to turn for sound financial advice? Being in your 20s, you probably do not have that high of a net worth and neither do I. Financial planners? You’re not worth their time.
Popularity: 3% [?]
Your post makes one think! Great article. Thanks for allowing me to comment! 
Hey!
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